The Management Strategy Checklist.
Because Planning isn’t Strategy.
Strategy drives. Planning follows.
Strategy sets direction. Planning maps the journey.
Strategy chooses the mountain. Planning picks the paths.
Every great plan needs a guiding vision to inspire.
Because Planning isn’t Strategy.
Strategy drives. Planning follows.
Strategy sets direction. Planning maps the journey.
Strategy chooses the mountain. Planning picks the paths.
Every great plan needs a guiding vision to inspire.
And a plan to execute.
Your business success requires both Strategy and Planning, so don’t get them confused.
Your business success requires both Strategy and Planning, so don’t get them confused.
Here’s an invaluable Checklist covering 12 Essential Strategic Frameworks to help you nail your strategy and win in your market space.
➡️ Start with PESTEL Analysis
- Scan your macro environment.
- Evaluate political, economic, and other pivotal factors.
➡️ Start with PESTEL Analysis
- Scan your macro environment.
- Evaluate political, economic, and other pivotal factors.
- Assess broad influences that can shape your business direction.
➡️ Dive into Porter's Five Forces
- Analyze your competitive landscape.
- Understand the power dynamics between you and your suppliers and buyers.
➡️ Dive into Porter's Five Forces
- Analyze your competitive landscape.
- Understand the power dynamics between you and your suppliers and buyers.
- Recognize the threats of new entrants and substitute products.
➡️ Unpack your SWOT
- Examine your organization's internal strengths and weaknesses.
- Identify external opportunities and threats informed by PESTEL and Porter's insights.
➡️ Unpack your SWOT
- Examine your organization's internal strengths and weaknesses.
- Identify external opportunities and threats informed by PESTEL and Porter's insights.
- Develop strategies that build on your strengths and address your weaknesses.
➡️ Consolidate with Value Chain Analysis
- Break down your company's core activities.
- Determine where you add the most value and where inefficiencies exist.
➡️ Consolidate with Value Chain Analysis
- Break down your company's core activities.
- Determine where you add the most value and where inefficiencies exist.
- Align your insights from PESTEL, Porter's, and SWOT to optimize your value chain.
➡️ Formulate your Strategy
- Categorize products/business units and allocate resources strategically with the BCG Matrix
➡️ Formulate your Strategy
- Categorize products/business units and allocate resources strategically with the BCG Matrix
- Evaluate growth strategies (Market Penetration, Product Development, Market Development, Diversification) and decide on your ideal direction with the Ansoff Matrix
➡️ Implement and Monitor
➡️ Implement and Monitor
- Implement and monitor strategy while balancing financial, customer, internal process, and learning & growth perspectives with the help of the Balanced Scorecard (BSC)
🎯 I hope you use this Checklist to help you refine your own strategy setting process for your organization.
🎯 I hope you use this Checklist to help you refine your own strategy setting process for your organization.
For more strategic breakdowns like this:
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